GLAD FY 2016 Earnings Report — Gladstone Capital Corporation Revenue & Financial Results | Market Cap Arena

Gladstone Capital CorporationGLAD

FY 2016 Earnings

Reported November 21, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$21M	—	$18M	—	16.4%
Op. Income	$11M	—	$8M	—	34.0%
Gross Margin	86.1%	—	78.6%	—	7.5pp
Net Margin	54.7%	—	47.5%	—	7.2pp
EPS (Diluted)	$0.98	—	$0.81	—	21.0%
Free Cash Flow	$60M	—	-$74M	—	180.6%

Revenue Flow

Item	Amount
REVENUE	$21M
Cost of Revenue	$3M
GROSS PROFIT	$18M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	-$1M
Operating Expenses	$7M
Cost & Expenses	$9M
OPERATING INCOME	$11M
Interest Income	$35M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$0
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$0
EBIT	$11M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$21M
Cost of Revenue	$3M
GROSS PROFIT	$18M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	-$1M
Operating Expenses	$7M
Cost & Expenses	$9M
OPERATING INCOME	$11M
Interest Income	$35M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$0
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$0
EBIT	$11M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$15M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$29M
Change in Working Capital	$5M
OPERATING CASH FLOW	$60M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$80M
Sales/Maturities of Investments	$21M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	-$56M
Common Stock Repurchased	-$572.0K
Common Dividends Paid	-$19M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$58M
FREE CASH FLOW	$60M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$11M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$322M
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$325M
TOTAL ASSETS	$336M
Account Payables	$1M
Short-Term Debt	$71M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$73M
Long-Term Debt	$71M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$9M
TOTAL NON-CURRENT LIABILITIES	$62M
TOTAL LIABILITIES	$134M
Common Stock	$23.0K
Additional Paid-In Capital	$328M
Retained Earnings	$4M
Treasury Stock	$0
Accum. Other Comp. Income	-$131M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$201M
Minority Interest	$0
TOTAL EQUITY	$201M
TOTAL LIABILITIES & EQUITY	$336M
Total Debt	$143M
Net Debt	$136M